While preparing an additional fiscal budget, UK Finance Minister Rishi Sunak has said that in no rush to fix public finances in an interview on Sky News on Sunday.
Key Comments:
He would “level with the people” on how Britain’s £ 2.1 trillion debt would continue to grow without action.
“This is not something that will happen overnight. Given the magnitude of the impact we have experienced, the magnitude of the damage, this is going to take time to fix“.
“But it’s important … to also have solid public finances over time.”
“Interest rates have been very low, allowing us to afford slightly higher debt levels“.
“But that can always change and we are seeing it in recent weeks.”
“We have to be attentive to that possibility.”
Sunak must deliver your budget to parliament on Wednesday, in another effort to help navigate the UK economy through a gradual lifting of lockdown measures that will last at least until the end of June.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
